Of Special Interest
- Financial wellness affects half of peoples’ mental or physical health, finds report
- Study finds traditional financial institutions embrace Fintech disruption
- Grass is greener for environmentally friendly businesses, finds Barclays
- Prospective homeowners would consider a 40-year mortgage to escape renting, finds Santander
- Millennials’ needs are changing the face of banking industry, says new report
- FS is putting consumer data at risk by failing to protect mobile apps, says Arxan
- A lack of belief in their ability holds 28% women back in work, says Cambridge & Counties
- ‘Which?’ reveals Scotland has lost over a third of its bank branches in eight years
- Next downturn unlikely to be as bad as 2008, according to S&P
- FCA reveals findings from first cryptoassets consumer research
- US consumers favour single mobile app for banking and payments
- Banks suffering major IT shutdowns every day, ‘Which?’ reveals
- The US will be a key offshore centre in 2019, says GlobalData
- Debit industry changes markedly in 10 years of the Debit Issuer Study
- UK's ‘Big Five’ face ‘too big to compete’ as small challengers secure stellar returns
- Banks as vulnerable now as before crash, says new study
- Leverage ratio a constant conundrum for European and US banks, says SNL
2nd August 2011
IBM & Security First in Cloud Security venture
IBM and Security First Corporation announced they are to jointly develop a new form of encryption designed for Cloud applications.
The overall objective is to jointly deliver increased performance, security, and high data availability to storage and cloud-based computing customers. Under the agreement, IBM and Security First will combine Security First's patented cryptographic data-splitting technology with the highly parallelized hardware acceleration capabilities of IBM's wire speed processor technology. Specifically, Security First’s SPxCore™, SPxBitFiler™, and SPxConnectTM products will be integrated directly onto IBM’s wire speed system on a chip.
The system splits data into two separate streams which are sent to two separate storage locations. When needed it is able to combine the information at the users location. The system also establishing the delivery links using a security certificate to ensure the datastream is not redirected to any improper location. Each data stream is transmitted through multiple secure simultaneous connections to further ensure the overall security.
"The combination of IBM's wire speed processor technology and Security First's cryptographic technology can deliver unparalleled cryptographic performance, throughput, and scalability for advanced security and storage applications at full network fabric line rates," said IBM Fellow, Bijan Davari, vice-president, Next Generation Computing Systems and Technology.
"This joint development project will unleash the full potential of being able to cost effectively support the explosion of data storage and remove barriers to cloud use," said Mark O'Hare, CEO of Security First. "Through our combined technologies, Security First and IBM will deliver scalable data security and high availability directly to public and private sector customers that require the highest levels of secure data transmission and storage in the cloud."
The solution is expected to be offered to the market in the first half of 2012.